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LETTER: Bush raised red flags about Fannie and Freddie
South Coast Today ^ | 3/14/08 | Peter D. Friedman

Posted on 03/15/2009 4:23:34 AM PDT by Libloather

click here to read article


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To: raybbr

How do you know he does?


41 posted on 03/15/2009 7:54:38 AM PDT by PeaRidge
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To: Night Hides Not

Over the last decade I have argued that through Gerrymandering the US Senate is the worst collection of carpet-baggers since Reconstruction. I haven’t changed my mind. A potential historical analogy to consider would be the Roman republic’s Senate that had turned corrupt and was easily destroyed by Caesar; all we need is another depression and our Senate will implode with disastrous consequences.


42 posted on 03/15/2009 8:05:36 AM PDT by Melchior
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To: Libloather

He should have took it to the American people who vote for Congress. Bush lost the concept of “We The People”.


43 posted on 03/15/2009 8:08:12 AM PDT by bmwcyle (American voters can fix this world if they would just wake up.)
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To: Black Birch
You are not kidding. In 2007, my wife and I eventually sold our home for $176.5K. The competing bid was a sales price for $189K. And we opted for the contract where the sales price was $176.5K. Why? Well, in the other 'larger' deal, the FHA program deal, we would have had to pay over $10K in closing costs to the seller (and the lender's cheerleader) as part of this great program. The larger deal would have netted us an additional $750 but it just seemed too dubious and it really annoyed me how the lending officer was pushing the loan so hard...and no wonder, she was going to get a substantial amount of those closing costs.

I can only imagine some of the people on my street who were also trying to unload their homes after our sales price was officially transacted at $176.5K and their homes were not moving at $185K with similar comps. Of course it didn't help them that my wife was a Realtor and we could afford to drop the price lower since she could forego her commission.

44 posted on 03/15/2009 8:10:32 AM PDT by LowCountryJoe (Do class-warfare and disdain of laissez-faire have their places in today's GOP?)
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To: roses of sharon

Refrence bump - lots of ammo - Thanks! ;-)


45 posted on 03/15/2009 8:11:07 AM PDT by Tunehead54 (Nothing funny here ;-)
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To: MAD-AS-HELL

How many time do you have to tell someone your on fire before they start to look for water?


46 posted on 03/15/2009 8:31:34 AM PDT by Vaduz
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To: Melchior

While gerrymandering is done in congressional districts, it is not done with respect to the Senate. The entire state votes for senators. No Gerrymandering involved.


47 posted on 03/15/2009 8:46:11 AM PDT by brydic1
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To: LowCountryJoe
The larger deal would have netted us an additional $750 but it just seemed too dubious and it really annoyed me how the lending officer was pushing the loan so hard...and no wonder, she was going to get a substantial amount of those closing costs

It rubbed my friend the wrong way as well. He turned it down and somebody else bought the home about a week later for the same price as the "dream on America loan"..

48 posted on 03/15/2009 9:23:39 AM PDT by EVO X
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To: WakeUpAndVote
In before the Bush knew so it is his fault post.

Too late, and it NEVER fails.

Amazing << Hear this. Feel this, and tell me that this isn't music.

Oh, dear...


49 posted on 03/15/2009 10:42:26 AM PDT by rdb3 (The mouth is the exhaust pipe of the heart.)
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To: LowCountryJoe
Well, because President Bush needed the Left to continue to authorize the funding for two conflicts in the Middle East. He knew that he had to leave certain things alone because he didn’t have the votes to continue the fight that was neccessary

Correct. Hindsight is 20/20.

But the war was won because Pres. Bush pushed on despite tremendous obstacles. Amazing how quickly so many conservatives forget.

50 posted on 03/15/2009 12:32:35 PM PDT by what's up
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To: brydic1

I stand corrected. Of course you are right, but it does not gainsay the fact that this Senate is comprised of aging nitwits and bloviators. As for the House, I believe you would admit that it has been Gerrymandered to the extent that very few seats now offer any competition.


51 posted on 03/15/2009 7:38:03 PM PDT by Melchior
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To: WakeUpAndVote

Bttt


52 posted on 03/15/2009 7:41:53 PM PDT by 1035rep ("The problem with socialism is that you eventually run out of other people's money.")
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To: LowCountryJoe

Well done.


53 posted on 03/15/2009 7:43:52 PM PDT by 1035rep ("The problem with socialism is that you eventually run out of other people's money.")
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To: nicolezmomma

It was the Democrats.


54 posted on 03/15/2009 7:44:56 PM PDT by 1035rep ("The problem with socialism is that you eventually run out of other people's money.")
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To: nicolezmomma

It was begun under the Clinton Administration and hushed up by Rubin, Greenspan, Summers and Schumer ....

google

Brooksley Born & The Regulatory Limit of Democrats

You should know better than to post here blaming republicans for everything.

It was hushed up, for crying out loud!

Bush is one man in the universe of public servants surrounded by officials whose job it is to care for regulations and yet you blame the one man who made repeated attempts to flag the danger as being the one responsible.

Why don’t you sleep in tomorrow as you obviously need some rest.


55 posted on 03/15/2009 8:50:57 PM PDT by widdle_wabbit (Rush Is Right; Does understanding that make me a Conservative?)
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To: LowCountryJoe

Henry Cisneros and James Johnson partnered at Lago Vista-KB Homes, Countrywide, Sub-Prime Mortgages

http://topics.nytimes.com/top/news/business/series/the_reckoning/index.html

The sentence above is mine; no excerpt involved.

The page is replete with background includes everything but Barney Frank and Chris Dodd. I agree with your interpretation of why Bush let Congress alone in the Budget arena.


56 posted on 03/15/2009 9:56:01 PM PDT by widdle_wabbit (Rush Is Right; Does understanding that make me a Conservative?)
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To: widdle_wabbit; 1035rep
You should know better than to post here blaming republicans for everything.

If the Republicans have the majority and let issues like this come to pass, then why should I vote for them? Fannie and Freddie became a problem not just because of the corruptness of the Democrats, but because the Republicans failed to lead. If Fannie and Freddie were such a problem and the Republicans had the majority, they could have done something if they had the will. They didn't. IMO, both parties had their thumb in the pie and are both to blame.

57 posted on 03/16/2009 3:32:03 AM PDT by nicolezmomma (O is like Chauncey Gardener in "Being There")
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To: Libloather

Congressional letter from Barny and friends demanding President Bush stop his campaign to reform F&F and regulate GSE’s

http://www.redstate.com/moe_lane/files/2010/09/economic-reality.pdf


58 posted on 11/29/2011 8:18:32 AM PST by vince7942
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